2007 Mercedes-Benz SLR McLaren Insurance Quotes – 6 Tips to Save

Searching for the cheapest car insurance rates for your Mercedes-Benz SLR McLaren? Are you sick and tired of scraping the payment together to insure your Mercedes-Benz every month? Your situation is no different than many other drivers.

Having so many car insurance companies to choose from, it’s difficult to pick the most cost effective company.

Are you getting all your discounts?

The cost of insuring your cars can be expensive, but there are discounts available to help bring down the price. Some trigger automatically at quote time, but lesser-known reductions have to be asked for in order for you to get them.

  • Seat Belts Save more than Lives – Buckling up and requiring all passengers to use their safety belts could save 15% off your PIP or medical payments premium.
  • Good Student Discount – A discount for being a good student can get you a discount of up to 25%. This discount can apply up until you turn 25.
  • Federal Employees – Being employed by or retired from a federal job can save as much as 8% for SLR McLaren coverage with select insurance companies.
  • Defensive Driver – Successfully completing a driver safety course could possibly earn you a 5% discount depending on where you live.
  • Accident Waiver – Certain companies will forgive one accident before your rates go up so long as you haven’t had any claims for a certain period of time.
  • Life Insurance Discount – Select insurance companies reward you with better rates if you take out life insurance from them.

As a disclaimer on discounts, most discounts do not apply the the whole policy. The majority will only reduce the price of certain insurance coverages like comp or med pay. Even though it may seem like all those discounts means the company will pay you, companies wouldn’t make money that way. Any amount of discount will reduce your overall premium however.

For a list of companies offering car insurance discounts, follow this link.

Compare the Market for Car Insurance

There are a lot of ways to compare car insurance prices and some are less labor-intensive and much quicker. You can waste a few hours (or days) discussing policy coverages with agents in your area, or you can stay home and use the web to quickly compare rates.

Most of the best insurance companies participate in a marketplace where insurance shoppers only type in their quote data once, and each company then gives them pricing for coverage. This saves time by eliminating quote forms for each company.

To fill out one form to compare multiple rates now click here to start a free quote.

The only drawback to doing it this way is that you can’t choose which insurance companies to get pricing from. If you wish to select from a list of companies to compare, we have assembled a list of companies who write car insurance in your area. Click here for list of insurance companies.

It’s up to you how you get prices quotes, just ensure you are comparing exactly the same information for each comparison quote. If each company quotes differing limits it will be very difficult to decipher which rate is best. Quoting even small variations in coverages can make a big difference in price. And when comparison shopping, comparing more company’s prices will improve the odds of getting lower pricing.

When might I need an agent?

When it comes to choosing proper insurance coverage, there is no one size fits all plan. Your needs are not the same as everyone else’s so your insurance needs to address that. Here are some questions about coverages that can help discover whether you will benefit from professional help.

  • Are there companies who specialize in insuring high-risk drivers?
  • Can I afford to buy a different vehicle if my 2007 Mercedes-Benz SLR McLaren is totaled?
  • Am I better off with higher deductibles on my 2007 Mercedes-Benz SLR McLaren?
  • Can my babysitter drive my car?
  • Do I need higher collision deductibles?
  • When should my teen driver be added to my policy?
  • Do I need special endorsements for business use of my vehicle?
  • Is my 2007 Mercedes-Benz SLR McLaren covered for flood damage?

If you don’t know the answers to these questions but a few of them apply, you may need to chat with an agent. If you want to speak to an agent in your area, take a second and complete this form or click here for a list of insurance coverage companies in your area.

Coverages available on your auto insurance policy

Having a good grasp of your policy can be of help when determining the best coverages and proper limits and deductibles. The terms used in a policy can be difficult to understand and reading a policy is terribly boring. Listed below are typical coverage types offered by auto insurance companies.

Medical expense insurance

Med pay and PIP coverage pay for expenses such as prosthetic devices, doctor visits, rehabilitation expenses, funeral costs and surgery. They are often used in conjunction with a health insurance program or if there is no health insurance coverage. It covers not only the driver but also the vehicle occupants as well as if you are hit as a while walking down the street. Personal Injury Protection is not an option in every state and gives slightly broader coverage than med pay

Comprehensive (Other than Collision)

This coverage pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first and the remainder of the damage will be paid by comprehensive coverage.

Comprehensive coverage protects against things such as hitting a deer, fire damage, damage from flooding and hitting a bird. The most your auto insurance company will pay is the market value of your vehicle, so if your deductible is as high as the vehicle’s value it’s not worth carrying full coverage.

Protection from uninsured/underinsured drivers

This coverage provides protection when the “other guys” are uninsured or don’t have enough coverage. Covered claims include hospital bills for your injuries and damage to your 2007 Mercedes-Benz SLR McLaren.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage should not be overlooked. Normally these limits are similar to your liability insurance amounts.

Coverage for collisions

Collision insurance pays to fix your vehicle from damage resulting from a collision with a stationary object or other vehicle. You have to pay a deductible and the rest of the damage will be paid by collision coverage.

Collision coverage protects against things such as hitting a parking meter, backing into a parked car, sustaining damage from a pot hole and rolling your car. This coverage can be expensive, so you might think about dropping it from lower value vehicles. Drivers also have the option to raise the deductible to get cheaper collision coverage.

Liability insurance

Liability insurance protects you from damage or injury you incur to other’s property or people in an accident. This coverage protects you against claims from other people, and doesn’t cover damage sustained by your vehicle in an accident.

It consists of three limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show limits of 25/50/25 that means you have $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and property damage coverage for $25,000. Occasionally you may see one limit called combined single limit (CSL) that pays claims from the same limit with no separate limits for injury or property damage.

Liability can pay for claims like legal defense fees, repair bills for other people’s vehicles and bail bonds. How much liability should you purchase? That is up to you, but you should buy as high a limit as you can afford.

A fool and his money are soon parted

When buying insurance coverage, it’s a bad idea to reduce needed coverages to save money. In too many instances, an accident victim reduced collision coverage and found out when filing a claim that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to get the best coverage possible at a price you can afford while not skimping on critical coverages.

You just read a lot of information how to compare 2007 Mercedes-Benz SLR McLaren insurance prices online. The key thing to remember is the more providers you compare, the more likely it is that you will get a better rate. You may even find the lowest rates come from the least-expected company. Some small companies may only write in your state and offer lower rates than the large multi-state companies such as Allstate, GEICO and Progressive.

Much more information about auto insurance can be found below: